Ref Soyaoil yesterday traded with the negative node and settled -0.78% down at 599.4 on follow through selling and taking cues weak overseas market. At the Indore spot market soyoil edged down by -4.45 rupee to 597.45 rupees 10 kgs. In yesterday's trading session Ref Soyaoil has touched the low of 591.6 after opening at 601, and finally settled at 599.4. For today's session market is looking to take support at 593.7, a break below could see a test of 587.9 and where as resistance is now likely to be seen at 603.1, a move above could see prices testing 606.7.

Trading Ideas:

Ref soyaoil trading range is 588-606.8.

Ref Soyaoil yesterday traded with the negative node on follow through selling

Ref Soya oil looks to take support at 593.70 level

Ref Soya oil having resistance at 603.10 level

At the Indore spot market soyoil edged down by -4.45 rupee to 597.45 rupees 10 kgs.